Overnight Digest: Stocks to keep an eye on January 11!

Watch out for these large-cap stocks in Wednesday’s trading session!

Losses in the majority of sectors forced Indian headline indices to close the session considerably lower. Telecommunications, financial services and banking stocks were the hardest hit, whereas BSE Metal index attracted investors with its robust gains. The BSE Sensex plunged 1.04 per cent to 60,115 level at the close. The Nifty 50 index tumbled 1.03 per cent to a level of 17,914.  

Watch out for these Large-Cap stocks in Wednesday’s trading session -

Tata Motors - Despite market downturn, shares of Tata Motors soared over 6 per cent, making it the top Sensex gainer. The automobile company recently announced that its subsidiary Jaguar Land Rover reported a significant rise in wholesale volumes on the back of strong demand.  

Reliance Industries - The launch of Reliance Jio's True 5G services has been announced for 10 cities including Agra, Kanpur, Meerut, Prayagraj (Uttar Pradesh), Tirupati, Nellore (Andhra Pradesh), Kozhikode, Thrissur (Kerala), Nagpur and Ahmednagar (Maharashtra). In the majority of these cities, Reliance Jio is now the first and only provider to offer 5G services.  

Axis Bank - Axis Entities (Axis Bank, Axis Securities and Axis Capital) had together acquired 12.99 per cent of the equity share capital of Max Life Insurance Company. Additionally, Axis Entities have the opportunity to buy an additional stake in Max Life's equity share capital of up to 7 per cent in one or more tranches.